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Fed cattle prices rose $1 to $3 per cwt in the week, while calf and feeder demand weakened with higher grain prices. Drought deepened in the Southeast, Southwest and Texas, and pasture conditions were poor in many areas.
Higher fed cattle prices support the finished-cattle complex, but drought-driven pasture stress and rising calf numbers pressure feeder prices. Feeder buyers face higher grain costs as well.
beefmagazine.comWes IshmaelOct 5, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
